$11.70M
Revenue
$-50.05M
Net Income
23.12%
Gross Margin
-301.86%
Op. Margin
$-50.22M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2024) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $11.70M | $11.70M | $12.06M | $12.75M | $11.78M | $11.16M | $9.30M | $5.67M | $4.18M | $246.00K | $147.00K |
| Revenue Growth % | 0.0% | -3.0% | -5.4% | 8.2% | 5.5% | 20.1% | 64.0% | 35.7% | 1598.0% | 67.3% | nan% |
| Cost of Revenue | $8.99M | $8.99M | $9.51M | $9.45M | $12.16M | $6.71M | $4.90M | $3.19M | $1.00M | - | - |
| Gross Profit | $2.70M | $2.70M | $2.55M | $3.30M | $-381.00K | $4.46M | $4.40M | $2.48M | $3.17M | $246.00K | $147.00K |
| Gross Margin % | 23.1% | 23.1% | 21.1% | 25.9% | -3.2% | 39.9% | 47.3% | 43.8% | 76.0% | 100.0% | 100.0% |
| Operating Expenses | $38.02M | $38.01M | $56.58M | $66.11M | $71.18M | $68.16M | $77.23M | $82.85M | $67.36M | $66.75M | $45.70M |
| Research & Development | $16.69M | $16.69M | $25.35M | $26.91M | $21.94M | $21.25M | $25.34M | $27.64M | $22.30M | $28.20M | $26.02M |
| Selling General & Admin | $21.33M | $21.33M | $31.23M | $39.19M | $49.24M | $46.90M | $51.89M | $55.21M | $45.06M | $37.18M | - |
| Operating Income | $-35.31M | $-35.31M | $-54.03M | $-62.80M | $-71.56M | $-63.70M | $-72.83M | $-80.37M | $-64.18M | $-66.50M | $-45.55M |
| Operating Margin % | -301.9% | -301.8% | -448.0% | -492.5% | -607.4% | -570.5% | -783.4% | -1417.4% | -1536.6% | -27032.9% | -30985.7% |
| Interest Expense | $76.00K | $33.00K | $122.00K | $2.21M | $15.54M | $15.55M | $14.26M | $2.00M | - | - | - |
| Other Income/Expense | $-595.00K | $-595.00K | $108.00K | $235.00K | $-6.10M | $-14.50M | $-11.59M | $-7.75M | $649.00K | $394.00K | - |
| Income Before Tax | $-50.11M | $-50.11M | $-60.77M | $-62.57M | $-77.66M | $-78.20M | $-84.42M | $-88.11M | $-63.53M | $-66.11M | $-45.50M |
| Income Tax Expense | $-66.00K | $-66.00K | $850.00K | $-77.00K | $45.00K | $5.00K | $-111.00K | $211.00K | $493.00K | $267.00K | - |
| Net Income | $-50.05M | $-50.05M | $-61.62M | $-62.49M | $-77.70M | $-78.21M | $-84.31M | $-88.33M | $-64.03M | $-66.37M | $-45.50M |
| Net Margin % | -427.8% | -427.8% | -511.0% | -490.1% | -659.5% | -700.5% | -906.8% | -1557.8% | -1532.9% | -26981.3% | -30951.0% |
| Basic EPS | -2.20 | -2.15 | -4.94 | -0.76 | -1.26 | -1.40 | -1.55 | nan | nan | nan | nan |
| Diluted EPS | nan | -2.15 | -4.94 | -0.76 | -1.26 | -1.40 | -1.55 | nan | nan | nan | nan |
| Basic Shares Outstanding | 635K | 23.3M | 12.5M | 82.2M | 61.7M | 56.0M | 54.5M | 54.5M | 54.1M | 51.3M | 45.0M |
| Diluted Shares Outstanding | - | 23.3M | 12.5M | 82.2M | 61.7M | 56.0M | 54.5M | - | - | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $15.10M | $12.14M | $34.91M | $39.90M | $35.78M | $61.01M | $66.26M | $28.51M | $19.24M | $120.58M |
| Short-term Investments | $1.20M | $1.08M | $10.66M | - | - | - | - | - | - | - |
| Accounts Receivable | $2.04M | $2.62M | $2.42M | $2.32M | $1.55M | $3.22M | $1.86M | $1.95M | $34.00K | $77.00K |
| Inventory | $2.85M | $3.31M | $5.19M | $5.07M | $9.22M | $8.06M | $7.75M | $8.06M | - | - |
| Other Current Assets | $844.00K | $1.52M | $2.02M | $1.56M | $1.78M | $1.17M | $576.00K | $468.00K | $183.00K | $12.00K |
| Total Current Assets | $22.24M | $24.47M | $56.01M | $73.33M | $81.99M | $121.85M | $177.64M | $120.49M | $78.45M | $134.15M |
| Property Plant & Equipment | $2.58M | $2.39M | $3.48M | $5.39M | $6.13M | $7.91M | $7.30M | $4.89M | $4.26M | $5.02M |
| Intangible Assets | - | - | - | - | - | - | $114.00K | $134.00K | $146.00K | $157.00K |
| Other Non-current Assets | $500.00K | $1.82M | $1.24M | $1.82M | $2.12M | $750.00K | $208.00K | - | - | - |
| Total Assets | $28.56M | $31.37M | $65.02M | $83.05M | $93.42M | $134.42M | $185.26M | $125.51M | $82.85M | $139.32M |
| Accounts Payable | $4.84M | $4.80M | $4.50M | $1.98M | $1.29M | $2.35M | $1.32M | $2.08M | $992.00K | $2.62M |
| Accrued Liabilities | $2.87M | $3.24M | $2.68M | $2.85M | $2.99M | $3.83M | $4.96M | $3.64M | - | - |
| Deferred Revenue | $1.64M | $1.54M | $547.00K | $451.00K | $376.00K | $271.00K | $217.00K | $1.07M | - | - |
| Total Current Liabilities | $31.20M | $12.03M | $66.56M | $6.95M | $6.97M | $8.16M | $7.76M | $6.79M | $4.04M | $5.31M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $1.68M | $1.16M | $874.00K | $808.00K | $335.00K | $19.00K | $53.00K | $21.00K | - | - |
| Total Liabilities | $84.60M | $51.25M | $87.28M | $118.12M | $156.24M | $141.80M | $127.89M | $6.81M | $5.04M | $6.31M |
| Common Stock | $25.00K | $14.00K | $10.00K | - | - | - | - | - | - | - |
| Retained Earnings | $-718.90M | $-668.86M | $-607.24M | $-570.67M | $-492.97M | $-414.65M | $-330.35M | $-241.97M | $-177.29M | $-110.92M |
| Treasury Stock | - | - | - | $45.07M | $45.07M | $45.07M | $45.07M | - | - | - |
| Total Stockholders Equity | $-56.04M | $-19.89M | $-22.26M | $-35.07M | $-62.81M | $-7.38M | $57.38M | $118.70M | $77.82M | $133.02M |
| Total Liabilities & Equity | $28.56M | $31.37M | $65.02M | $83.05M | $93.42M | $134.42M | $185.26M | $125.51M | $82.85M | $139.32M |
| Breakdown | TTM (Dec 31, 2024) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-90.09M | $-50.05M | $-61.62M | $-62.49M | $-77.70M | $-78.21M | $-84.31M | $-88.33M | $-64.03M | $-66.37M | $-45.50M |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | $2.34M | $1.78M |
| Stock-based Compensation | $7.94M | $4.38M | $5.39M | $10.62M | $22.05M | $16.46M | $12.62M | $14.42M | $13.93M | $8.78M | $8.39M |
| Change in Receivables | $-1.09M | $-440.00K | $234.00K | $96.00K | $770.00K | $-1.59M | $1.36M | $-86.00K | $1.91M | $-43.00K | $-1.00K |
| Change in Inventory | $274.00K | $50.00K | $-446.00K | $236.00K | $415.00K | $1.36M | $3.65M | $4.22M | $7.76M | - | - |
| Change in Payables | $462.00K | $794.00K | $295.00K | $2.92M | $273.00K | $-1.01M | $988.00K | $-748.00K | $1.06M | $-1.24M | $329.00K |
| Operating Cash Flow | $-48.68M | $-24.19M | $-40.20M | $-48.73M | $-47.32M | $-50.39M | $-64.79M | $-67.76M | $-55.75M | $-53.41M | $-35.13M |
| Capital Expenditure | $1.54M | $509.00K | $1.03M | $554.00K | $603.00K | $1.36M | $330.00K | $998.00K | $2.97M | $2.41M | $3.66M |
| Purchases of Investments | - | - | - | $27.51M | $30.08M | $46.93M | $50.23M | $120.56M | $82.33M | $74.08M | $12.42M |
| Investing Cash Flow | $-1.54M | $-509.00K | $8.66M | $12.42M | $8.30M | $13.61M | $52.81M | $-20.14M | $-25.73M | $-49.57M | $-2.67M |
| Debt Repayment | - | $726.00K | - | $80.00K | $360.00K | $366.00K | - | - | - | - | - |
| Stock Issued | - | - | - | $32.87M | $42.88M | $359.00K | $1.46M | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | $45.07M | - | - | - |
| Financing Cash Flow | $51.33M | $27.05M | $9.02M | $31.63M | $43.23M | $11.63M | $6.82M | $125.77M | $90.43M | $1.76M | $104.82M |
| Net Change in Cash | $1.88M | $2.96M | $-22.77M | $-4.99M | $4.12M | $-25.23M | $-5.25M | $37.75M | $9.27M | $-101.34M | $67.02M |
SEC Filing Format - Data shown as it appears in the Q3 2024 (10-Q) filing
Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $2.98M | $3.30M | $8.88M | $9.03M |
| Cost of Revenue | $2.12M | $3.19M | $6.63M | $7.12M |
| Gross Profit | $856.00K | $107.00K | $2.25M | $1.92M |
| Operating Expenses | $9.47M | $14.76M | $29.63M | $45.22M |
| Research & Development | $3.84M | $7.00M | $12.91M | $19.78M |
| Selling General & Admin | $5.64M | $7.76M | $16.72M | $25.43M |
| Operating Income | $-8.62M | $-14.65M | $-27.38M | $-43.30M |
| Interest Expense | - | - | $33.00K | - |
| Other Income/Expense | $64.00K | $-29.00K | $-550.00K | $56.00K |
| Income Before Tax | $-14.64M | $1.04M | $-40.46M | $-48.33M |
| Income Tax Expense | - | $131.00K | - | $286.00K |
| Net Income | $-14.64M | $910.00K | $-40.46M | $-48.62M |
| Basic EPS | -0.59 | 0.06 | -1.78 | -4.13 |
| Basic Shares Outstanding | $24.91M | $14.43M | $22.67M | $11.78M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $19.69M | $12.14M |
| Short-term Investments | $1.22M | $1.08M |
| Accounts Receivable | $2.03M | $2.62M |
| Inventory | $2.98M | $3.31M |
| Other Current Assets | $990.00K | $1.52M |
| Total Current Assets | $27.44M | $24.47M |
| Property Plant & Equipment | $2.88M | $2.39M |
| Other Non-current Assets | $763.00K | $1.82M |
| Total Assets | $32.31M | $31.37M |
| Accounts Payable | $4.71M | $4.80M |
| Accrued Liabilities | $2.94M | $3.24M |
| Deferred Revenue | $671.00K | $1.54M |
| Total Current Liabilities | $18.26M | $12.03M |
| Other Non-current Liabilities | $2.02M | $1.16M |
| Total Liabilities | $80.80M | $51.25M |
| Common Stock | $25.00K | $14.00K |
| Retained Earnings | $-709.31M | $-668.86M |
| Total Stockholders Equity | $-48.48M | $-19.89M |
| Total Liabilities & Equity | $32.31M | $31.37M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.64M | $910.00K | $-40.46M | $-48.62M |
| Stock-based Compensation | - | - | $3.42M | $4.02M |
| Change in Receivables | - | - | $-510.00K | $283.00K |
| Change in Inventory | - | - | $37.00K | $-298.00K |
| Change in Payables | - | - | $661.00K | $218.00K |
| Operating Cash Flow | - | - | $-19.13M | $-32.44M |
| Capital Expenditure | - | - | $509.00K | $925.00K |
| Investing Cash Flow | - | - | $-509.00K | $8.77M |
| Debt Repayment | - | - | $726.00K | - |
| Financing Cash Flow | - | - | $27.64M | $8.91M |
| Net Change in Cash | - | - | $7.55M | $-14.74M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.